Funding $38.3 Billion, 54 Unicorns: The Stellar Fiscal Year 2022

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Hello readers,

Fiscal 2022, the past fiscal year, was a turning point for the Indian startup ecosystem in terms of funding momentum and investor interest. The fiscal year saw a record 54 startups enter the coveted unicorn club – signifying a huge boost in funding despite the challenges of the COVID-19 pandemic.

According to data collected by Your story Searchthe year saw 1,633 deals across all stages, 16% more than the 1,406 deals seen in fiscal 2021. The majority of these deals – 82.4% – were disclosed, which totaled $38.3 billion in funding inflows.

While early-stage startups accounted for the lion’s share of the number of deals (1,210), early-stage startups attracted the most funding value – around 60% of total funding disclosed. Meanwhile, growth-stage startups saw a significant drop in deal volume (13.9%) and value (23.3%).

The top five sectors include fintech and financial services, edtech, direct-to-consumer brands, foodtech, logistics and supply chain. They saw a cumulative fundraising of nearly $19 billion across 700 deals, contributing 49.56% of the total value.


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— Udita Pal, co-founder, Salt


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